Trade Idea: GBP/USD - Buy at 1.4055

Although cable has retreated after meeting renewed selling interest at 1.4328 and near term downside risk remains for the decline from 1.4662 to extend weakness to 1.4115, loss of downward momentum should prevent sharp fall below 1.4050-55 (50% projection of 1.4609-1.4115 measuring from 1.4328), bring rebound later. Above the Kijun-Sen

Useful Searches

Disclaimer - Forex, futures, stock, and options trading is not appropriate for everyone. There is a substantial risk of loss associated with trading these markets. Losses can and will occur. No system or methodology has ever been developed that can guarantee profits or ensure freedom from losses. No representation or implication is being made that using the information contained on this site will generate profits or ensure freedom from losses.